Which of the Following Does Benchmarking Not Focus On

question 74

Multiple Choice

Which of the following does benchmarking not focus on?

• A)Identifying best practices
• B)Studying best practices
• C)Analyzing best practices
• D)Eliminating non-value-added processes

---

Definitions:

Sunk Costs

Costs that have already been incurred and cannot be recovered or altered by future actions, and therefore should not influence current or future business decisions.

Out-of-pocket Cost

Expenses that are paid out directly and result in a financial outlay.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, indicating how much contributes to covering fixed costs and generating profit.

Operating Capacity

The maximum output that a company can produce under normal circumstances over a specific period.